Lee & Man Paper Manufacturing (OTCMKTS:LMPMY) Stock Price Down 2.8% – Here’s What Happened

Lee & Man Paper Manufacturing Limited (OTCMKTS:LMPMY)’s stock price traded down 2.8% during trading on Tuesday . The stock traded as low as $3.50 and last traded at $3.51. 829 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 1,049 shares. The stock had previously closed at $3.61.

Lee & Man Paper Manufacturing Price Performance

The company’s 50 day simple moving average is $2.97 and its 200 day simple moving average is $2.70.

Lee & Man Paper Manufacturing Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Monday, August 25th will be paid a $0.0715 dividend. This represents a dividend yield of 401.0%. This is a positive change from Lee & Man Paper Manufacturing’s previous dividend of $0.05. The ex-dividend date is Friday, August 22nd. Lee & Man Paper Manufacturing’s payout ratio is presently 3.48%.

Lee & Man Paper Manufacturing Company Profile

Lee & Man Paper Manufacturing Limited, an investment holding company, engages in the manufacture and trading of packaging papers, pulps, and tissue papers in the People's Republic of China, Vietnam, Malaysia, Macau, and Hong Kong. The company operates through Packaging Paper, Tissue Paper, and Pulp segments.